Earlier quoted context omitted.
I tend to agree with Cyph0n that patents can promote innovation. But "prior art" ought to be defined sanely. If something has been well known in India for thousands of years, how can some multinational patent it? How can some chemical that occurs in nature be patented? And then there's the whole universe of stuff that's different by one atom over there, and so deemed patentable.
Possibly, patent should have some minimal effort time. After, say, 3 years you have to demonstrably prove that you will take the patent to market. For example, a software product should have some code written that uses the patent, even if incomplete. So long as you do nothing with the patent, anyone can get a royalty free license to it when they challenge you (after the grace period). This would encourage people to t…
These are all things which normally would be solved by competition in the marketplace, but you don’t have competition, since a patent is a monopoly. So you have to solve all these problems some other way.